German third-party logistics provider DB Schenker said it will expand into non-traditional services for the automotive sector, including the 3D printing of replacement parts and other “additive production” support. The 3PL said that by advancing into this aspect of automotive logistics, it will be able to help automakers reduce their warehousing costs since parts will be made as needed. In addition, DB Schenker plans to strengthen its market position by specializing...

Miami-Dade County Mayor Carlos A. Gimenez has appointed Lester Sola director and chief executive officer of the Miami-Dade Aviation Department (MDAD) . Sola has served the South Florida county for more than 26 years, most recently as director of the Miami-Dade Water and Sewer Department. Non-vessel operating common carrier (NVOCC) ECU Worldwide has promoted Catherine Booth to the position of regional sales manager for the company’s Northeast region. &nbs...

Pilot Freight Services saw its revenues rise 10 percent year-over-year to $639 million in 2017, according to a recent statement from the company. Results for the Lima, Penn.-based third-party logistics provider were boosted by a record fourth quarter that included a December in which revenues exceeded $65 million, making it the most profitable month in the history of the company. Pilot attributed the strong performance to “diversified gains across all categories.” &...

CEVA Logistics is planning a $1.5 billion initial public offering by April, according to a report from the New York Post. Hoofddorp, Netherlands-based third-party provider CEVA Logistics is planning an initial public offering some time before April, according to a report from the New York Post. CEVA, which is majority owned by private equity investment firm Apollo Global Management, first attempted to go public in 2012, but a run of poor financial performance put those plans on...

Echo Global Logistics got back into the black in the fourth quarter of 2017, reporting a net income of $13.3 million compared to a $3 million loss in the same 2016 period, according to the company's most recent financial statements. The Chicago-based freight broker and third-party logistics provider posted fully diluted earnings per share (EPS) of $0.48 per share for the quarter, compared with a $0.10 per share loss the previous year, as revenues soared 34.6 percent to $547.7 mi...

Bellevue, Wash.-based Radiant Logistics, Inc. recorded a net income attributable to common stockholders of $3.3 million for its fiscal year 2018 second quarter, which ended Dec. 31, 2017, an increase of 58.6 percent from the corresponding prior year period, the third-party logistics and multi-modal transportation services provider’s latest financial statements revealed. Radiant Logistics is a beneficiary of the recently enacted Tax Cuts and Jobs Act. “The primary im...

Non-vessel-operating common carrier CaroTrans has strengthened its presence in Central America by entering into a partnership with Globelink Aeroceano in Costa Rica and Guatemala, and Sicarga in Panama. Weekly U.S. export shipments move from CaroTrans' Miami hub to Central America and the Caribbean Islands. “We're seeing an increase in shipments from the Panama hub to the Caribbean Islands due to the devastating hurricanes that passed through there last year," said ...

Amazon is ready to test a business-to-business parcel delivery service to compete directly with UPS and Fedex in the coming weeks, according to a Friday report in the Wall Street Journa l. The business, reportedly called Shipping with Amazon (SWA), will be piloted in the Los Angeles area first and only available to suppliers selling through Amazon's online marketplace. The news follows years of behind-the-scenes development work the global marketplace has undertaken...

UPS has started an international guaranteed midday freight delivery service for cargo originating in 71 countries and shipped to 35 destination countries. The express carrier has committed to time-definite deliveries of 12 p.m. or 2 p.m. for urgent palletized shipments of more than 150 pounds within its UPS Worldwide Express Freight service. “Delivery is door-to-door in as few as 1-3 days, with customs brokerage included,” UPS said. “We have customers i...

Austrian freight forwarder Gebrüder Weiss has started a home delivery service for Central and Eastern Europe, according to a statement from the company. The service began in Austria, but is now available in the Czech Republic, Croatia, Hungary and Slovakia under the product name GW pro.line home. The service includes parcel, such as cash-on-delivery, as well as larger shipments that require two-person handling and assembly on site. Gebrüder Weiss ...

XPO Logistics reported a net income of $312.4 million for the full year in 2017, a sharp increase from a net income of $63.1 million the previous year, according to the company's most recent financial statements. The Greenwich, Conn.-based less-than-truckload (LTL), last-mile and third-party logistics provider posted earnings per diluted share of $2.45 per share for the year, compared with $0.53 per diluted share in 2016, as revenues increased 5.2 percent to $15.38 billion. Exc...

Source: Pressmaster/Shutterstock SEKO Logistics appoints vice president of global airfreight, Port Tampa Bay hires VP of finance, and Evans Distribution Systems name IT director. SEKO Logistics has appointed Shawn Richard to the newly-created role of vice president of global airfreight. A 30-year logistics industry veteran, Richard most recently served as chief operating officer at Worldnet Shipping USA and as northeast regional sales manager for Delta Airlines Cargo. He will ...

Bellwether U.S. transportation and logistics stocks continued to slide yesterday amid what analysts are referring to as a "wild" Wall Street trading session. The Dow Jones Transportation Average (DJTA), a U.S. stock market index that calculates the running average of the share prices of 20 major shipping companies, closed at 10,350.41 on Monday, Feb. 5, down 3.2 percent from the pervious close, and continued to fall in early morning trading on Tuesday. The decline c...

Global third-party logistics provider Agility said Tuesday it will participate in a new Maersk-IBM blockchain solution to manage and track container shipments. Agility said it has agreed to identify events associated with individual shipments and to share and receive information about them via the distributed ledger blockchain technology IBM and Maersk have developed to streamline container shipping processes. IBM and Maersk announced their initiative in January , w...

Logistics company DHL Global Forwarding has expanded its presence in key Southern border states in order to satisfy the needs of local customers that require airfreight, ocean freight, customs brokerage, warehouse and domestic services, the company said Monday. The six stations that have opened in recent weeks form a portion of DHL’s strategic plan to grow its freight forwarding services in main cities across the U.S., the company said in a statement. “We are cont...

CEVA Logistics has recently relocated the headquarters office for its Iberian operations to a new location in Madrid. The former office was at Alcobendas, north of Madrid, while the new office is located at Coslada, just south of the Barajas Airport. The new facility offers nearly 14,000 square feet of office space and 28,000 square feet for warehousing.

A new report from the Boston Consulting Group (BCG) urges ocean carriers to rapidly adopt process automation and optimization or be consigned to providing commoditized services. The report, The Digital Imperative in Container Shipping, released by BCG over the weekend, named seven areas where liner carriers need to focus their efforts and investment to meet challenges from non-asset-based digitally-focused companies and technology-first freight forwarders. “A ...

UPS has announced an additional $12 billion in investments in its Smart Logistics Network and pension funding as a result of the recent passing of the U.S. Tax and Jobs Acts. UPS Inc. has become the latest company to pledge increased investment as a result of the recent passing of the U.S. Tax and Jobs Acts, which cut the effective federal tax rate for corporations from 35 percent to 21 percent. The Atlanta-based parcel giant and third-party logistics provider said in a stateme...

Recently merged Knight-Swift Transportation recorded a net income of $447.6 million in its first full quarter of combined operation. Knight-Swift Transportation Holdings Inc., the new parent company formed from the $6 billion merger of Phoenix-based trucking giants Knight Transportation and Swift Transportation, recorded a net income of $447.6 million for the fourth quarter of 2017, its first full quarter of post-merger operation. The company posted earnings per diluted share o...

Source: Pressmaster/Shutterstock U.S. Chamber of Commerce adds two to International Affairs division; Hoyer Group appoints chief financial officer; CEVA hires managing director for UK, Ireland and Nordics; and CSafe Global names two European sales directors. The U.S. Chamber of Commerce has hired Charles Freeman as senior vice president for Asia and promoted Neil Herrington to senior vice president for the Americas. Freeman joins the U.S. Chamber from Bower Group Asia, where he...

Across Japan, Nippon Express stands tall among shippers against other multinational competitors such as Kuehne + Nagel, Panalpina, DHL, UPS and FedEx, but that recognition fades once the company lands the cargo in North America. In fact, many American shippers are barely familiar with Nippon Express’ global breadth and wide array of specialty logistics services beyond its air freight forwarding operation, although the company has had a presence in the U.S. market since 1962. &nb...

The most interesting aspect of the recently announced blockchain initiative between the A.P. Moller-Maersk Group and IBM isn’t the technology itself. While it’s hard to take two steps in any direction and not come across blockchain these days, there is still a comprehension deficit in the shipping industry about what the technology is and what it could enable. In other words, it’s very early days from an adoption perspective. What Maersk and IBM are trying to do is ...

C.H. Robinson recorded a net income of $152.56 million for the fourth quarter of 2017, a 24.7 percent increase from the corresponding prior year period, according to the company’s latest financial statements. The Eden Prairie, Minn.-based third-party logistics provider recorded total revenues of $3.96 billion for the quarter, up 16 percent year-over-year, surpassing the Zacks consensus estimate of $3.69 billion. C.H. Robinson attributed the revenues boost to increas...

Bolloré Logistics has acquired a majority stake in Danish freight forwarder Global Solutions A/S to further its global end-to-end offering in the Scandinavian markets, the French company said Tuesday. Global Solutions' network has been operating on the Danish market for 11 years in the airfreight, sea freight and express business lines, particularly on the Europe-Asia axis. It now operates under the Bolloré Logistics brand, with two offices, one at Copenhagen airport and at its ...

Werner Enterprises, Inc. saw its profits skyrocket in 2017 thanks in large part to recent tax reform legislation in the United States, according to the company’s most recent financial statements. The Omaha, Neb.-based trucking operator and logistics provider's net income spiked 547 percent year-over-year to $141.13 million in the fourth quarter alone. Diluted earnings per share (EPS) were similarly up 545 percent to $1.94 per share for the quarter, despite revenues growing just ...

Logistics firm Kuwait & Gulf Link Transport (KGL) won a contract from the U.S. Defense Logistics Agency (DLA) to lead logistics and distribution operations for U.S. military personnel across the Gulf region. The value of the contract is estimated to be $690 million, but is not to exceed $1.38 billion for a duration of 60 months, KGL said. Under the terms of the contract, KGL will procure, import, store and distribute food products from both the U.S. and local so...

The joint venture between GAC Logistics Sri Lanka and Hemas Transportation, dubbed Spectra Logistics, has opened a new, 30,000-square-meter container yard with a capacity of 6,000 TEUs at their joint integrated logistics facility in Sri Lanka's Muthurajawela Industrial Zone. Construction on the container yard began last year, and the next phase, which includes a distribution center, will be completed in June, the two companies said. “Once the distribution center is ...

DP World has joined with India’s National Investment and Infrastructure Fund (NIIF) to increase investments in the country’s ports, terminals, transportation and logistics businesses. The investment platform will initially invest up to $3 billion of equity to acquire assets and develop projects in this sector. The platform will also look at opportunities beyond seaports, such as India’s river ports and transportation, freight corridors, port-led special economic zon...

Walmart and Rakuten are teaming up to launch an online grocery delivery service in Japan, and offer eBooks and audiobooks in the United States. Big box retailer Wal-Mart Stores, Inc. (Walmart) and Japanese e-commerce marketplace Rakuten, Inc. have formed a new strategic alliance in the latest push to keep up with e-commerce giant Amazon. The collaboration will see Walmart and Rakuten team up to launch an online grocery delivery service in Japan, and offer eBooks and audiobooks,...

The Airforwarders Association (AfA) and The International Air Cargo Association (TIACA) are teaming up in an effort to better serve their members, according to a statement from AfA. The two groups signed a memorandum of understanding that will see them cooperate on air cargo matters and mutually promote each others’ services. The AfA said the agreement “is the first stage of an alliance between both organizations, enabling them to strengthen cooperation on aviation ...

Lilly + Associates International has officially opened a new distribution center in Medley, Fla., about 14 miles northwest of PortMiami, the company confirmed Thursday. The new warehouse is also near Port Everglades and 20 minutes from Miami International Airport. It contains 180,000 square feet of public domestic and bonded distribution space, as well as 49 shipping and receiving doors. It’s main concentration, according to the owner, will be high valued electroni...

A new platform designed to allow shippers, brokers and over-the-road carriers commit to forward contracts has officially launched, organizers of the entity said Monday. LogisticsExchange has begun buying, selling and trading so-called “LE Forwards” contracts on its digital platform. The contract is an enforceable mechanism that guarantees capacity to shippers and committed loads to carriers. It’s similar in principle to a platform launched in 2017 for the ocean shipping industry...

There’s an old mantra that the personal computing industry used to live by: every year, the computing power and memory of a PC would double, while the price needed to stay the same. That persistently ambitious target was fueled by the sheer scale of sales in the PC industry. If you can sell a computer that’s largely the same to vast cross-sections of consumers, you can start to drive down the R&D and production costs of making the product better without increasing the price...

Singapore-based logistics facilities and solutions provider Global Logistics Properties (GLP) marked the completion of its privatization process Monday by delisting from the Singapore Exchange. In connection with the delisting, the company’s name is changing to GLP Pte Ltd., the company said in an announcement. GLP is owned by a consortium of international long-term investors that manage capital for some of the world’s largest sovereign wealth funds, university endo...

The booming e-commerce industry has spurred growth in the air cargo market, according to international freight forwarder and logistics service provider U-Freight. Citing recent data from the International Air Transport Association (IATA), air cargo demand grew by 8.8 percent in November 2017 compared to the same period in 2016. IATA also reported that global airfreight in 2018 should see gains in both cargo volumes and profits. “Whilst the four...

Yusen Logistics UK is upgrading nearly 100 vehicles to reduce emissions for use by the end of January 2018, the logistics provider announced Monday. Yusen is upgrading its original fleet with 45 new Renault tractor units and 50 new MAN tractor units of economic TGX 460 series. "Designed with the latest Euro 6 technology, these upgrades bring the new fleet in line with EU directives to reduce harmful pollutants from vehicle exhausts by converting the majority of nitr...

DHL Global Forwarding on Thursday unveiled a new predictive trade index built around the collection of data from the movement of intermediate goods and raw materials. The index, called the DHL Global Trade Barometer, is meant to help the market understand the direction of ocean freight and airfreight trade growth globally, looking two to three months forward. It uses data collected by Seabury Consulting, now a part of Accenture, in seven countries across 10 commodities. &...

A former co-president of a Maryland-based company specializing in nuclear materials transportation was indicted for his alleged role in bribing officials connected with Russia's State Atomic Energy Corp. According to the U.S. Justice Department, Mark Lambert, 54, of Mount Airy, Md., was charged in an 11-count indictment with one count of conspiracy to violate the Foreign Corrupt Practices Act (FCPA) and to commit wire fraud, seven counts of violating the FCPA, two counts of wire...

Global logistics and transportation solutions provider BDP International (BDP) has opened new offices in Nairobi and Mombasa, Kenya. BDP said it can now cover a "more comprehensive scope of logistics services to clients in East Africa." Starting today, these facilities began offering various logistics services, including air and ocean freight forwarding, customs brokerage and compliance services. Additional services offered include overland transportation, multi-mo...

The U.S. Federal Maritime Commission (FMC) has outlined a plan that identifies certain regulations under its purview that are suited for reform or elimination, and has established a schedule for carrying out this initiative. Led by its Regulatory Reform Task Force, the FMC began a comprehensive review of its existing regulations on March 13, 2017. The task force identified “burdensome, unnecessary and outdated directives,” and recommended how they should be remedied. Public comm...

FedEx Corp. has announced the realignment of its specialty logistics and e-commerce solutions in a new structure under FedEx Trade Networks (FTN), beginning March 1. “In order to improve our ability to leverage the unique capabilities of our specialty companies, we are realigning several companies in a new organizational structure under FedEx Trade Networks, led by FTN CEO Richard W. Smith,” FedEx President and CEO David Bronczek said. “Richard brings a strong background in work...

Samskip Logistics and freight forwarding company DC Logistics Brasil have inked an agreement to expand Brazilian offerings in sea freight logistics. The agreement allows DC Logistics to integrate with the Samskip team and business in Salvador and throughout the rest of Brazil, Samskip said. “This partnership will benefit all Samskip Logistics customers in Brazil by combining our own years of experience and expertise in the market with the reach of our like-minded, h...

Global logistics company Kuehne + Nagel and Singapore sovereign wealth fund Temasek have set up a joint venture to invest in early-stage logistics technology startups, the companies said Monday. “This joint venture will be able to accelerate the transformation of the logistics industry,” Kuehne + Nagel International AG Chairman Joerg Wolle said in a statement. “The cooperation combines Temasek’s focused and long-term oriented investment strategy and expertise, with Kuehne + Nage...

New York-based Falcon Maritime and Aviation's subsidiary in India merged with Tiger Logistics in India to provide expanded solutions in international trade. The Indian subsidiary of Falcon Maritime and Aviation, Falcon Maritime India Pvt. Ltd. (FIMPL), has merged its operations across India with Tiger Logistics India (TLI), the companies announced on Monday. The merger, which is creating Tiger-Falcon Logistics in India, will strengthen U.S. trade in India, as well as trade betw...

The Rhenus Group acquired Brazilian customs broker and software provider Pirâmide SeaAir Comércio Exterior this month, the company announced on Friday. Pirâmide SeaAir is headquartered in São Paulo and has branches at Guarulhos and Viracopos airports, as well as at the Port of Santos, Rhenus said. The Brazilian company will initially operate in the marketplace using the Rhenus-Piramide brand. The first shipments through the European LCL gateway in Hil...

Global Trading Resources, Inc. (GTRI) has joined Janel Group, a Lynbrook, N.Y.-based global integrated logistics solutions provider, the companies said in a joint press release. Portland, Ore.-based GTRI, which is an international freight forwarding and customhouse brokerage, will continue to function as an independent business unit. GTRI's headquarters is remaining in Portland, and its current president, Patti Iverson-Summer, will continue on as president and will join Janel Gr...

Japanese logistics company Nippon Express plans to offer speedy, low-cost cargo transportation between Japan and Europe on trans-Eurasia trains via the Belt and Road Initiative, multiple media sources reported. Nippon Express currently offers air or marine shipment of cargo between Japan and Europe, and will add a service combining the two modes this spring, local media source Nikkei Asian Review said . Shipments from Japan will go to the seaport or airport closest to a Chinese...